7 days on Rocket
$4,269 Closing Credit¹
#PA1257006, Marilyn Kohn, Listing Office: RE/MAX Traders Unlimited
Spring Bay Township Housing Market Report March 2025•Woodford County, Illinois
Housing Prices in Spring Bay Township, IL
How much do homes in Spring Bay Township, IL cost?
Housing Market Conditions
Is Spring Bay Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Spring Bay Township is a Seller's Market
Difference Since February 2025
Last month, Spring Bay Township has remained a Seller's Market.
Insight
Spring Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$202,500$107/SqFt
+$45,500
+29.0%
Based on all homes sold in March 2025
Insight
Homes in Spring Bay Township have sold for 29% more than they did a month ago.
Summary: The median home sold price in Spring Bay Township was $202,500 in March 2025, up 29% from last month, and the median price per square foot was $107.
Median Sold Price By Bedrooms
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $122.5K | - | N/A |
| 33 Bedrooms | - | $240K | N/A |
| 44 Bedrooms | $157K | $165K | +5.1% |
| 55+ Bedrooms | - | - | N/A |
Summary: Spring Bay Township housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +5.1%. The home price for 5 bedroom homes did not change.
How does Spring Bay Township, IL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Spring Bay Township, IL
Housing supply in Spring Bay Township, IL
How many homes are available in Spring Bay Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthMar 2025 | ||
| 92 months agoFeb 2025 | -22.2 % Change MoMFeb – Mar |
Summary: The Spring Bay Township real estate market had 7 homes for sale in Mar 2025, a 22.2 % decrease compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthMar 2025 | ||
| 32 months agoFeb 2025 | -33.3 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 0 | -100.0% |
| 33 Bedrooms | 4 | 4 | 0.0% |
| 44 Bedrooms | 3 | 3 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Spring Bay Township housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Spring Bay Township, IL cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Spring Bay Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Spring Bay Township in March 2025, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Spring Bay Township, IL
How long does it take to sell a home in Spring Bay Township, IL?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Spring Bay Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 2 homes were sold in Spring Bay Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 28 DaysLast MonthMar 2025 | ||
| 38 Days1 month agoFeb 2025 | -26.3 % Change MoMFeb – Mar |
Summary: Homes in Spring Bay Township had an average listing age of 28 days in Mar 2025, down by 26.3% compared to the previous month.
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Newest Listings in Spring Bay Township, IL
What homes are available in Spring Bay Township, IL?
$1,543 Closing Credit¹
#PA1256872, Michelle Largent, Listing Office: RE/MAX Traders Unlimited
$6,530 Closing Credit¹
#PA1256608, JR Koch, Listing Office: Jim Maloof Realty, Inc.
$2,767 Closing Credit¹
#PA1255505, Adam Merrick, Listing Office: Adam Merrick Real Estate
$735 Closing Credit¹
#PA1254514, Chris Hilton, Listing Office: Century 21 Lincoln National Re
Backup offers
$1,364 Closing Credit¹
#PA1253364, Dawn Purple, Listing Office: RE/MAX Traders Unlimited
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2025 - 04/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/15/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.